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Updated over 4 years ago on . Most recent reply

User Stats

113
Posts
51
Votes
Matt B.
  • Investor
  • Chicago
51
Votes |
113
Posts

Master lease offer with agent

Matt B.
  • Investor
  • Chicago
Posted

Wanted to get some input from the BP community regarding how one might approach submitting an LOI for a Master Lease Agreement as opposed to buying a property with an agent.

Since agents make a commission on the sale, I don't see why an agent would be motivated speak with their client about this (regardless of if they have a fiduciary obligation). While this offer may not be favorable for the agent, it is quite good for the owner.

(I should mention that a dual-agency agreement has been signed between the seller, agent and myself)

Perhaps I'm imagining a worse case scenario, but I can't help but think an agent would have a bad-attitude towards this kind of offer since it would affect their commission. Instead of discussing the good & bad  with the seller, they instead may just put a strong emphasis on the negative in hopes the offer is rejected.

A better question may be, how could one structure such an offer so that the agent is likely to go in with a positive attitude (despite the offer being for the seller) .

Any and all suggestions are appreciated!

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